The action against the Abhyudaya Cooperative Bank Ltd was needed due to "certain material concerns emanating from poor governance standards" observed in the bank.
Reserve Bank of India governor Shaktikanta Das on Wednesday once again called upon banks and non-banking financial companies (NBFCs), among other financial entities to continue to do stress testing of their books.
New Delhi [India], November 22: After the Reserve Bank of India (RBI) tightened norms for consumer credit, the DataTech driven dedicated MSME lender UGRO Capital said that with its diversified lender base, strong co- lending partnerships and focus on priority sector led MSME, they do not exp
After commercial banks stopped accepting Rs 2000 banknotes, people have now started lining up in 19 offices of the Reserve Bank of India (RBI) to exchange their high-denomination notes.
Pune (Maharashtra) [India], November 1: Bajaj Finance has redefined financing for second-hand car purchases with its high-value used car loan of up to Rs 77 lakh. This loan product is designed to provide financial flexibility to customers allowing them to make their dream car a reality.
Mumbai (Maharashtra) [India], November 1: CRISIL 1Academy -- the training and certification arm of CRISIL Limited -- is happy to announce the launch of its 'CRISIL Certified ESG Risk Analyst' course.
The gathering brought together a confluence of eminent minds and experts to assess and navigate the intricate financial and economic scenarios both globally and nationally.
PIB Fact Check has posted on X, "A Press Release, dated 25 October 2023, being shared online, alleges that @RBI has cancelled the license of Abhyudaya Co-operative Bank Ltd. This Press Release is fake. RBI has not issued any such Press release. For more info visit: http://rbi.org.in. This is
Pune (Maharashtra) [India], October 23: Choosing a pre-owned vehicle is a sensible decision balancing cost-effectiveness with practicality. However, ensuring the selected car meets quality standards can be a challenging process. Fortunately, financing a pre-owned car can be remarkably straig
According to a press release issued by RBI, this action follows non-compliance with specific provisions of the Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.